HBOS shares crash 30% as crisis grows
17 September 2008, 8:24am
Fears for Britain's biggest mortgage lender deepened today as its shares plunged another 30% despite the US bank's bailout of insurance giant AIG.
The Federal Reserve's $85bn rescue deal with AIG overnight appeared to have brought some relief to the markets when the London Stock Exchange opened today.
HBOS shares initially rose seven per cent with the FTSE-100 up 1% overall but it took less than half an hour for the index to plunge back into negative territory.
As it dramatically fell back more than 100 points to dip below 5,000 points for the second time in two days, the bank saw its value fall yet again by a third.
Its shares have now more than halved in value since Monday morning when US investment bank Lehman Brothers filed for bankruptcy.
Quelle und mehr: www.thisismoney.co.uk/news/...icle_id=452187&in_page_id=2&ct=5
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.